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(U9) Holding pattern *RES 3:...>

AUSSIE 10-YEAR TECHS: (U9) Holding pattern
*RES 3: 99.2100 - 1st Pivot Resistance (97.1900 - 98.7250)
*RES 2: 98.8225 - 3.0% Upper Bollinger Band
*RES 1: 98.7250 - All Time Highs
*PRICE: 98.6550 @ 16:00 BST, Jun 21
*SUP 1: 98.5527 - 23.6% Fib Retracement (97.9950 - 98.7250)
*SUP 2: 98.3823 - 50-dma
*SUP 3: 97.9950 - Apr18 Low
Aussie bond futures traded in a holding pattern Monday, sticking just below the
all time highs of 98.7250, but the pressure clearly still points higher, with
valuation measures now close to useless as Aussie 10yr bonds edged to new highs
of 98.7250 Friday. Bulls remain supported by the dovish Fed decision last week,
with the first target for bulls holding at the 3.0% upper Bollinger band at
98.8225 and 1st pivot resistance at 99.2100. Any pull lower will first challenge
support at 98.5527 before the 50-dma at 98.3823.

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